Executive Diploma in Islamic Banking & Finance

Programme Overview & Requirements

Diploma in Islamic Banking and Finance [CIBF]

Six Months Certificate in Islamic Banking and Finance

 The Six-month [Full-Time and Part-Time] Certificate program is designed to provide a basic but comprehensive understanding of the principles, nature and forms of Islamic banking as is relevant to those entering and/or working in the financial service industry. It also assists Executives that are considering the offering of Islamic banking and financial services, in developing a business case by understanding the basic requirements and dynamics of the sector. It also prepares and qualifies students who are interested in undertaking the Diploma program.

Course Objectives

  1. To provide students with the fundamental knowledge of Islamic banking and finance.
  2. To train students in the instruments and techniques used in the Islamic banking and finance.
  3. To provide an intellectually stimulating environment in which students can develop their knowledge, understanding and analysis of Islamic banking and financial system.
  4. To train executives desiring specializing in Islamic banking and finance in order to assist expansion in the banking and finance industry.
  5. To provide opportunity for students in related disciplines to pursue a Certificate in Islamic Banking and Finance in order to prepare them to enter into the job market in Islamic banking and finance.


Structure and Duration

The Program is to be run both full-time and part-time, to suit the working hours of professionals. It is structured for Six-months duration, two semesters.

Course Content/Syllabus

S/no Course UnitStatus
1Money and Islamic Banking System3Core
2Principle of Accounting and Islamic Finance 3Core
3Principle and Practice of Economics3Core
4Principle to Islamic Finance and Banking3Core
5Introduction to Islamic Insurance3Core
6Islamic Finance Management Analysis3Core
7Introduction to Waqaf and Zakat 3Core
8Research Methodology from Islamic perspective6Core
9Principle and Practice of Banking3Elective
10Principle  and Practice of Insurance3Elective
11Capital Market and portfolio Analysis3Elective



The program is intended for candidates who can demonstrate prior knowledge of business, commerce, banking and finance either with (a) banking or finance operations/management experience of up to two years or (b) a business, commerce, banking, finance or any social science National Diploma or equivalent certificate from a recognized university or Polytechnic. A variety of professional qualifications are recognized as meeting this standard. 

Teaching and Learning Methods

  • The Learning and Teaching is provided through lectures, seminars, group work and case studies.
  • Contact and feedback is typically provided through projects, coursework assessments (eg. Essays, tests etc), lectures, seminars, groupwork, and one-to-one contact with staff within the personal tutoring system.

Attendance and Assessment

  • For each module of the program, a student is required to attend in-class hours, complete the required written assignments and pass the final examination.
  • All students are required to ensure a MINIMUM attendance of 80% in order to qualify to sit the final examinations.
  • A participant must achieve a minimum mark of 50% to pass each module.
  • Each module may also have specific requirements that need to be met in order to gain credit for the module.
  • The pass/fail decision for students who achieve a mark below 50% but above 45% will be subject to the discretion of the module lecturer.
  • Students who achieve less than 45% overall will be required to attend an alternative examination.


The Program fee structure is as follows:

S/NoFee TypeAmount
1.Application Form FeesN15,000
2.Acceptance FeesN20,000
3.Registration feesN250,000
4.Examination FeesN20,000

All fees are paid at the appropriate times. Failure to pay shall result in expulsion from the program. Course fees are fully refundable (100%) if the candidate decides to withdraw two weeks prior to the commencement of the course. Course fees are NOT refundable if withdrawal takes place at any time later than two weeks prior to commencement of the course.

Duration of Study

6 Months

NGN 15,000

Is the application fee for this programme

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